SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 22, 1999 (April 22, 1999)
IRON MOUNTAIN INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 0-27584 04-3107342
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
745 Atlantic Avenue
Boston, Massachusetts 02111
(Address of principal executive offices, including zip code)
(617) 535-4766
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On April 22, 1999, Iron Mountain Incorporated (the "Company") announced
that it had priced a private placement of $150 million in aggregate principal
amount of 8 1/4% Senior Subordinated Notes due 2011 (the "Notes"). The Notes
will be sold to qualified institutional buyers at a purchase price equal to
99.64% of the face value of the Notes. The Company expects that this private
placement of Notes will close on April 26, 1999.
The Company expects to use the net proceeds of the offering to repay
indebtedness under its credit agreement and for general corporate purposes,
including future acquisitions. The weighted average interest rate as of April
12, 1999 on indebtedness outstanding under the Company's credit agreement was
6.91%.
(c) Exhibits
Exhibit No. Item
99 Press Release, dated as of April 22, 1999
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IRON MOUNTAIN INCORPORATED
(Registrant)
By: /s/ Jean A. Bua
Jean A. Bua
Vice President and Corporate Controller
Date: April 22, 1999
3
Exhibit 99
Iron Mountain Incorporated Announces
Pricing of $150 Million Private Placement of Debt
Boston, MA - April 22, 1999 -- Iron Mountain Incorporated (NASDAQ: IMTN), the
world's largest records and information management services company, announced
today that it has priced a private placement of $150 million in aggregate
principal amount of 8 1/4% Senior Subordinated Notes due 2011. The Notes will be
sold to qualified institutional buyers at a purchase price equal to 99.64% of
the face value of the Senior Subordinated Notes. Iron Mountain expects that this
private placement of Notes will close on April 26, 1999.
The issuance of the Notes has not been registered under the Securities Act of
1933, and the Notes may not be reoffered or resold in the United States absent
registration or an applicable exemption from registration.
The Company expects to use the net proceeds of the offering to repay
indebtedness under its credit agreement and for general corporate purposes,
including future acquisitions.
Iron Mountain currently operates 299 records management facilities in 66
domestic markets and four markets in the United Kingdom. The Company serves over
70,000 customer accounts, including more than half of the Fortune 500 Companies.
Iron Mountain provides a full array of records and information management
services including: (i) off-site storage, management and related consulting
services for business, healthcare and vital records; (ii) data security services
including off-site storage and rotation of electronic records; (iii) information
technology staffing services; and (iv) sales of related products.
